English   español  
Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/57605
logo share SHARE logo core CORE   Add this article to your Mendeley library MendeleyBASE

Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL
Exportar a otros formatos:

Does the market provide sufficient employment protection?

AuthorsBurguet, Roberto ; Caminal, Ramón
Issue Date2008
CitationLabour Economics 15(3): 406-422 (2008)
AbstractWe ask whether there is an efficiency rationale for public intervention in the form of an employment protection policy. Unlike most of the literature supporting current employment protection legislation we allow employers and workers to include severance payments in their private contracts. We focus attention on a model where firms learn over time about the value of the match. If future wage bargaining cannot be prevented, and even though severance payments may be part of the equilibrium contract, separations are too frequent (private employment protection is insufficient). Mandatory severance payments are not a remedy for this inefficiency. Instead, a Pigouvian tax/subsidy scheme will correct the inefficiency by enhancing employment protection. © 2007 Elsevier B.V. All rights reserved.
Identifiersdoi: 10.1016/j.labeco.2007.06.004
issn: 0927-5371
Appears in Collections:(IAE) Artículos
Files in This Item:
File Description SizeFormat 
Does the marketprovide.pdf317,97 kBAdobe PDFThumbnail
Show full item record
Review this work

Related articles:

WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.